Robert Oshaughnessy Sells 92,800 Shares of PulteGroup, Inc. (PHM) Stock

PulteGroup, Inc. (NYSE:PHM) CFO Robert Oshaughnessy sold 92,800 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $33.89, for a total value of $3,144,992.00. Following the transaction, the chief financial officer now directly owns 363,722 shares in the company, valued at $12,326,538.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

PulteGroup, Inc. (PHM) opened at $33.32 on Thursday. The firm has a market cap of $9,800.00, a PE ratio of 16.49, a P/E/G ratio of 0.90 and a beta of 1.20. PulteGroup, Inc. has a 12 month low of $18.18 and a 12 month high of $34.60. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.72.

PulteGroup (NYSE:PHM) last issued its quarterly earnings results on Tuesday, October 24th. The construction company reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.01. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.30 billion. PulteGroup had a net margin of 7.77% and a return on equity of 14.38%. PulteGroup’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. equities analysts anticipate that PulteGroup, Inc. will post 2.2 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 3rd. Shareholders of record on Tuesday, December 12th will be issued a $0.09 dividend. The ex-dividend date is Monday, December 11th. This represents a $0.36 dividend on an annualized basis and a yield of 1.08%. PulteGroup’s payout ratio is 17.65%.

Several equities analysts recently issued reports on the company. Buckingham Research downgraded PulteGroup from a “buy” rating to a “neutral” rating and upped their target price for the company from $31.00 to $33.00 in a research report on Sunday, November 26th. KeyCorp reissued a “hold” rating on shares of PulteGroup in a research report on Wednesday, November 1st. B. Riley reissued a “buy” rating on shares of PulteGroup in a research report on Wednesday, November 1st. Zacks Investment Research downgraded PulteGroup from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Barclays set a $26.00 price target on shares of PulteGroup and gave the company a “hold” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. PulteGroup has a consensus rating of “Hold” and an average target price of $29.92.

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its holdings in PulteGroup by 3.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the construction company’s stock valued at $100,000 after acquiring an additional 148 shares during the last quarter. Invictus RG increased its holdings in shares of PulteGroup by 1,473.4% during the 3rd quarter. Invictus RG now owns 4,264 shares of the construction company’s stock worth $117,000 after buying an additional 3,993 shares during the last quarter. Fieldpoint Private Securities LLC acquired a new stake in shares of PulteGroup during the 3rd quarter worth approximately $150,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of PulteGroup by 7.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,845 shares of the construction company’s stock worth $168,000 after buying an additional 465 shares during the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of PulteGroup during the 2nd quarter worth approximately $220,000. Institutional investors own 84.80% of the company’s stock.

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About PulteGroup

PulteGroup, Inc is a homebuilder in the United States. The Company’s segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land.

Insider Buying and Selling by Quarter for PulteGroup (NYSE:PHM)

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